Updated Oct 19, 2026
Real Estate Inverlad Acquires 2.35 Acre Development Site In Melbourne From Zilber Limited For $5.45M
Melbourne, Florida, United States
$5,450,000
Building Size
—
Asset Type
Development Site
Closing
Jun 1, 2022
About this deal
AI
The Development Site located in Melbourne, spanning over 2.35 acres, has been sold in a recent transaction. The buyer, Real Estate Inverlad, acquired the property from the seller, Zilber Limited. The deal was facilitated by Jay Ballard and Ken Delvillar from JLL. The sale price for the property was $5,450,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,450,000
- Market: Melbourne
- Asset Type: Development Site
- Size: 2.35 acres
This transaction involved Real Estate Inverlad as the buyer and Zilber Limited as the seller. Jay Ballard and Ken Delvillar, representing JLL, were responsible for facilitating the deal. The property, located in Melbourne, was sold for a price of $5,450,000.
On the Map
$5,450,000
Development Site
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Players
Melbourne Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93